CEO of the Bank Al-Maghrib, Abdellatif Jouahri, recently revealed that a committee under the regulation of the Central Bank of Morocco is working on a cryptocurrency framework. Moreover, the Central Bank is communicating with the International Monetary Fund and the World Bank for revisions to the framework.
Additionally, information on the framework has been revealed. The developers of the framework are hoping to nurture innovation in the field while also prioritizing client security. Furthermore, Morocco’s money laundering and safety monetary laws are to be reworked within the regulatory bill.
While it is very likely that Morocco will soon integrate digital currencies within its monetary ecosystems, the BAM and the monetary regulation body of Morocco are still repeatedly issuing warnings about digital assets.